Fixed Rate Group Specified Subordinated Amount definition

Fixed Rate Group Specified Subordinated Amount. As defined in the Insurance Agreement.
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Fixed Rate Group Specified Subordinated Amount. As defined in Exhibit M.
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Fixed Rate Group Specified Subordinated Amount. As of (i) any Distribution Date occurring less than 30 months after the Startup Day, 2.25% of the aggregate Loan Balance of all Mortgage Loans in the Fixed Rate Group as of the Startup Day, and (ii) any Distribution Date occurring 30 months or more after the Startup Day, the lesser of (x) the amount described in clause (i) above and (y) the sum of (I) 4.5% of the aggregate Loan Balance of all Mortgage Loans in the Fixed Rate Group as of such Distribution Date, and (II) the product of (A) the positive difference, if any, between the amount described in clause (i) above and the amount described in clause (ii)(y)(I) above and (B) the percentage equivalent of a fraction the numerator of which equals 12 minus the number of immediately preceding consecutive months (not to exceed 12) for which all of the Step Down Conditions have been satisfied and the denominator of which equals 12, provided, however, that the Fixed Rate Group Specified Subordinated Amount shall not be less than 0.50% of the aggregate Loan Balance of all Mortgage Loans in the Fixed Rate Group as of the Startup Day.
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Related to Fixed Rate Group Specified Subordinated Amount

  • Specified Subordinated Amount As applicable, the Group I Specified Subordinated Amount or the Group II Specified Subordinated Amount.

  • Available Subordinated Amount means (a) for the first Determination Date after the Closing Date, an amount equal to the Required Subordinated Amount for the first Determination Date and (b) for any later Determination Date, an amount equal to the lesser of (i) the Required Subordinated Amount for that Determination Date and (ii) an amount equal to:

  • Required Subordinated Amount means, as of a date, the sum of:

  • Excess Subordinated Amount With respect to any Distribution Date, the excess, if any, of (a) the Subordinated Amount on such Distribution Date over (b) the Specified Subordinated Amount for such Distribution Date.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.